Davis R M Inc. Invests $203,000 in Occidental Petroleum Co. (OXY)

Davis R M Inc. acquired a new stake in Occidental Petroleum Co. (NYSE:OXY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,750 shares of the oil and gas producer’s stock, valued at approximately $203,000.

Other large investors also recently bought and sold shares of the company. Fis Group Inc. bought a new stake in shares of Occidental Petroleum in the 3rd quarter valued at approximately $126,000. Enterprise Financial Services Corp lifted its stake in shares of Occidental Petroleum by 68.5% in the 3rd quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after purchasing an additional 806 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in shares of Occidental Petroleum in the 2nd quarter valued at approximately $147,000. Atlantic Trust LLC lifted its stake in shares of Occidental Petroleum by 23.8% in the 2nd quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock valued at $154,000 after purchasing an additional 535 shares during the last quarter. Finally, Sandy Spring Bank lifted its stake in shares of Occidental Petroleum by 139.4% in the 2nd quarter. Sandy Spring Bank now owns 2,851 shares of the oil and gas producer’s stock valued at $171,000 after purchasing an additional 1,660 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Shares of Occidental Petroleum Co. (NYSE:OXY) opened at $75.86 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $57,600.02, a price-to-earnings ratio of 215.06, a price-to-earnings-growth ratio of 6.72 and a beta of 0.65. Occidental Petroleum Co. has a 1 year low of $57.20 and a 1 year high of $76.79.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. Occidental Petroleum’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.15) EPS. equities research analysts predict that Occidental Petroleum Co. will post 0.8 earnings per share for the current year.

A number of equities research analysts recently issued reports on OXY shares. Scotiabank reissued a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum in a research note on Wednesday, November 22nd. BMO Capital Markets set a $60.00 price target on Occidental Petroleum and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Jefferies Group reissued a “hold” rating and set a $58.00 price target on shares of Occidental Petroleum in a research note on Friday, October 6th. Mizuho set a $79.00 price target on Occidental Petroleum and gave the stock a “hold” rating in a research note on Tuesday. Finally, Credit Suisse Group started coverage on Occidental Petroleum in a research note on Monday, December 11th. They set a “neutral” rating and a $62.00 price target for the company. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $67.53.

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About Occidental Petroleum

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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